Doug Jefferson
29th June 2004, 16:20
Our primary currency is USD (which we value our inventory at and process sales) We do purchase material in Foreign currency currently. Management is thinking about starting to bill a few customers in EUR. I was wondering what we may have to define in Baan 4c4 to accomodate this?
Thank you for your assistance.
pfsilva
30th June 2004, 13:08
Hi,
You just have to define the EUR as the customer billing currency and if necessary define price lists in EUR.
Hope this will help.
Regards,
Pedro
Sai_krishna
30th June 2004, 17:07
U can look at using the euro currency option if u want to maintain most of ur transactions in euro... U need to define euro currency in maintain company data and can give the currency conversion rates accordingly... Even I am not sure how exactly this wl work but it can always be explored.
Regards
Sai Krishna
EdHubbard
1st July 2004, 00:32
The only reason I can think of to use anything other than standard Baan (e.g. Multi-Currency extension) is if you need to financially report (that is, accounting reports) in more than 1 currency in than 1 financial group.
If you are just purchasing or selling in more than 1 currency then as pfsilva says just define another currency in Maintain Currencies.